> For the complete documentation index, see [llms.txt](https://neiqw.gitbook.io/neiqw/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://neiqw.gitbook.io/neiqw/neiqw-markets/depositing-and-utilizing.md).

# Depositing & Utilizing

#### **Depositing and Utilizing the Protocol** 

To engage with the NEIQW platform, users deposit assets that the protocol supports. They earn interest on these assets, driven by the market's demand for borrowing. Deposited assets also serve as collateral, enabling users to borrow different assets. The interest generated from deposits helps to offset the costs associated with borrowing.

As the platform evolves, additional token pools will be incorporated. Initially, these will be determined by the core team, but as governance shifts to a Decentralized Autonomous Organization (DAO), the inclusion of new pools will be directed by community votes and proposals using the NQW governance token.

#### **qiTokens (qiBNB, qiUSDC, qiNQW, etc.)** 

Depositors receive qiTokens, which are tokenized, yield-bearing representations of their supplied assets. These tokens are necessary for withdrawing supplied assets from the NEIQW Liquidity Market and can be transferred or traded like any other crypto asset on BSC.

#### **Supplying Assets**

1. Navigate to the 'Markets' tab and select 'Supply.'
2. Choose the asset type from the dropdown menu in the Supply dashboard.
3. Enter the desired deposit amount and confirm by clicking 'Deposit.'
4. Upon transaction confirmation, the deposit is recorded, and interest accumulation begins.
5. qiTokens, representing the supplied assets, are deposited into your wallet.

There are no minimum or maximum deposit limits. Users are free to deposit any amount, though the first deposit of any asset requires an approval transaction.

#### **Withdrawals**

1. To withdraw, click on 'Withdraw' under the Supply dashboard for the chosen asset.
2. Choose the withdrawal amount and confirm the transaction.

Withdrawals are permissible as long as the assets are not currently backing a loan that would lead to liquidation upon their removal.

#### **Opting Out of Collateral** 

Users depositing multiple assets can manage which ones are used as collateral through the Collateral slider in the Supply dashboard, enabling or disabling them as needed.

#### **Earnings** 

Depositors continuously earn interest on their assets, with rates algorithmically adjusted based on market dynamics. Each asset has its unique supply and demand dynamics, influencing its Annual Percentage Yield (APY), which fluctuates over time.

The qiToken acts as a digital representation of the user's asset balance within the protocol, accruing value in alignment with the asset's interest rate. qiTokens are minted according to the specific asset supplied (e.g., qiBNB, qiLINK, qiWBTC, etc.).


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